Since oil prices peaked in June this year, there is one clear loser (according to the narrative) - Russia. Russian stocks have dropped 41% during that time and the entire Russian market capitalization is now only 60% of Apple! And while Greece's recent demise has it close to being the worst performer of the year, it's not quite. However, since oil peaked in June, both Russia's and Greece's epic demise is trumped by another stock market index...
Year-to-date, Russia is the biggest loser with Greece's recent demise catching down to it quickly...
[3]
With Russia's entire market cap now only 60% of that of Apple...
[4]
But since oil peaked, there is a clear loser... The US Oil E&P sector...
[5]
Still unequivocally good?
Charts: bloomberg
